DOCOBSIT RES3o! 00314 - lA1051878] o (Review of Audit Report of Future Farmers of America]. B-55712. march. 2S, 1977. 1 pp. Report to Rep. Peter o. Rodino, Jr., Chairman, House Committee on the Juditcary; by Robert F. Keller, Deputy Comptroller General. contact: Office of the General Counsel. lanagement and Budget Function: niscellaneous: rinancial Information Systems (1002). organization Concerned: Future fiaeOL e.f America. Congressional Relevance: House Committee on the Judiciary. Authority: (P.L. 88-504; 36 O.S.C. 1101). 36 O.S.C. 271. An arlit report of the Future F&*rers of America for the year ended June 30, 1976, was prepar.;d bt a certified public accountant and included a statement of the scope of the audit and the auditor's -pinion that the financial statements present fairly the financial position of the Futura Farmers of America. Findings/Conclusions: The results of operations for the year 4nded June 20, 1976, are presented in conformity with generally accepted accounting prin'.ples. 'he audit and financial reporting requiremente fit federally chartered ccrporations have been net. (aBS) 9coMPTI-ML" MoEz RA1 tW UNC unH o STA1 B-55712 MAR 29 1977 The Honorable Peter W. Rodino, Jr. Chairman, Committee on the Judiciary House of Representatives Dear Hr. Chairman: As requested in your letter of February 25, 1977, we have reviewed the audit report of the Future Farmers of America for the year ended June 30, 1976. Our review was directed to determining whether the report complies with the financial reporting requirements for federally chartered corpora- tions set forth in Public Law 88-504, approved August 30, 1964 (36 U.S.C. 1101). The Future Farmers of America was chartered by the act of August 30, 1950 (36 U.S.C. 271). The audit report was prepared by a firm of certified public accountants. It included a :tatement of the scope of audit and the auditor's opinion tfiat the financial statements present fairly the financial position of the Future Farmers of America a ~ June 30, 1976, and the results of operations for the year then ended, in conformity with Zanerally accepted accounting principles applied on a basis consistent with e preceding year. This report was duo December 31, 1975, but vas not received until Janlary 72, 1977. In our opinion, except for the late receipt of the report, the aud't and financial reporting requirements of Public Law 88-504 have been aet. We are returning the audit report sent with your letter of February 25, 1977. Sincerely yo',:, R.y. IKEiRq Deputy Comptroller General of the United States Enclosure
Review of Audit Report of Future Farmers of America
Published by the Government Accountability Office on 1977-03-29.
Below is a raw (and likely hideous) rendition of the original report. (PDF)